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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Benkea who wrote (41006)2/22/2000 9:54:00 PM
From: Saulamanca  Respond to of 99985
 
Crazy George. Didn`t he used to sell cars on late night TV ? <g>



To: Benkea who wrote (41006)2/22/2000 10:08:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Benkea, not necessarily. he's been short from much higher levels (SPX-wise).

hb



To: Benkea who wrote (41006)2/23/2000 1:55:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 99985
 
Benkea: I agree. Last October, The "Urban Survival" site was making progressively dire predictions, the most dire of which was in fact the day IBM blamed slowing sales of mainframes on Y2K. The market went up starting the very next day, but I unfortunately panicked, partly because I fell victim to my own shortsighted emotions, fueled by "Crazy George".

I now realize that no decline is large enough to satisfy the most rabidly bearish: If the Dow breaks 10K, the "Crazy Georges" of the universe will predict a lower target, etc. These prognosticators thrive on excessive predictions, and I see little difference between "Crazy George" and "Crazy Blodgett". At times they both seem onto something, but stocks never go the same direction forever.